Monday, October 1, 2007

NPC Deputies: 7-percent Economic Growth a Pragmatic Goal

Deputies to China's top legislature laud the 7-percent economic growth
rate for 2004 as a "scientific and pragmatic" goal.
The growth target, the same as that for 2003, has been set by Premier Wen
Jiabao in his report to the legislature Friday and led to heated
discussions among 2,900-plus deputies from all walks of life.
"It is a realistic and pragmatic goal and will help maintain the
continuity of China's macro-economic policies," said Qin Chijiang, a
deputy to the ongoing Second Session of the 10th National People's
Congress (NPC), and deputy secretary-general of China Finance Association.
The goal, if materialized, will bring China the Gross Domestic Product
(GDP) totaling some 12 trillion yuan (1.45 trillion US dollars) in 2004,
laying a solid foundation for implementation of the 10th Five-Year Plan
(2001-2005) and construction of a well-off society in an all-round way,
according to Qin.

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